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20110701
20110731
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. the young wizard is already bringing in big bucks. >> peggy bunker has details. >> topping america's money, more pressure on the white house. with no apparent progress on raising the debt limit, moody's may downgrade the country's top- notch credit rating, which could crash markets. fed chairman ben bernanke says the central bank is ready to step in if the economy gets weaker but he told a house committee that he does expect the economy to strengthen this year and no fed moves are imminent. the final average body movemen -- a final harry potter movie has sold $32 million in tickets. there's trouble brewing in minnesota for beer drinkers thanks to the government shutdown there. miller agreements have expired, so they may have to remove their brand from store shelves. >> folks are not going to be happy about that with a big game coming up. how many beer drinkers do you think what women's world cup soccer? >> i don't know. >>> today is going to be one of those days when you walk out the door and you feel so good. it's going to feel great later this afternoon. a big change compared with yester
is still considering and still probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from hisis republicans in the house including his fellow leaders eric cantor and kevin mccarthy. this would be a very risky move by the speaker but i'm told he is still considering it. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard whaha jonathan said about what's on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon? >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the pre
will in fact take some hits. there will be -- educatation will take big hits with the pelll grants.. to achieve the so-called cuts th they are talking about would mean that a lot of people could be severely, serely hurt. >> but we cannot sustain this level of debt forever. >> cannot, but here is what is wrong -- we have to get control of the deficits, but we do not want to do anything on the revenue sidide. all of the change, all of the pain is coming fm the cuts. you are still leaving those taxax cuts to the wealthyy untouched. still leaving the subsidies in the for the oil companies untouched. everything to the poor folks and middle-class folks, you u bear t the brunt of this. >> mitt romney this week -- "my view is we need a president who agrees to cut cap, and balance the budt. we've not heard much from them, but we dd hear that. >> he does not want to get too far out on a limb here. in the grand bargain, there were revenue increases c closing loopholes that no one wants to defend except for grover norquist, who is having an incredible amount of power in this debate. there is a counter int
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